PXT Parex Resources Inc.

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES


Parex Resources Inc. ("Parex" or the "Company") (TSX VENTURE:PXT), a company
focused on oil exploration and production in Colombia and Trinidad, is pleased
to announce that the Toronto Stock Exchange ("TSX") has conditionally approved
the listing of the Corporation's common shares and convertible debentures.


Upon receiving final approval from the TSX, the Company's common shares and
convertible debentures will begin trading on the TSX on or about October 3, 2011
under the symbols "PXT" and "PXT.DB". Parex has made an application to the TSX
Venture Exchange ("TSX-V") to voluntarily delist its common shares from the
TSX-V, such delisting to be effective as of the date the Company's common shares
commence trading on the TSX.


Corporate Overview

Parex, through its direct and indirect subsidiaries, is engaged in oil and
natural gas exploration, development and production in South America and the
Caribbean region. Parex is conducting exploration activities on its 705,000 acre
holdings in the Llanos Basin of Colombia and 223,500 acre holdings onshore
Trinidad. Parex is headquartered in Calgary, Canada.


This news release does not constitute an offer to sell securities, nor is it a
solicitation of an offer to buy securities, in any jurisdiction.


Advisory on Forward Looking Statements

This news release contains certain forward-looking statements, including with
respect to receipt of the TSX's final approval and the voluntary delisting from
the TSXV, that are based on Parex' current expectations and assumptions which
are subject to certain risks and uncertainties. These risks include but are not
limited to failure to obtain required regulatory approvals. In this news
release, such forward-looking statements can be identified by terminology such
as "intends", "to be", "expected, "anticipates" and similar expressions.
Accordingly, readers are cautioned that events and circumstances could cause
results to differ materially from those predicted, forecasted or projected. Such
forward-looking statements are expressly qualified by the above statements.
Parex does not undertake any obligation to publically update or revise any
forward-looking statements or information contained herein, except as required
by applicable laws.

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